Friday, August 28, 2015

Wall Street Pothole

I will not pretend to be able to guess the day to day direction of any particular stock. I can not fortell the direction of China's market. I will say I have no confidence in US political leadership. I think the influence of the Fed is waning. Whatever clout Greenspan and Bernanke had, Yellen has squandered. There is no room left for quantitative easing. US stocks may have a little room to rise, but it is much more likely, they will fall, perhaps precipitously.

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